The Hindu Business Line : Sunday, August 07, 2005

Forex reserves surge by $3 b
THE country's forex reserves surged by over $3 billion — the highest in 16 months — for the week ended July 29 due to strong inflows and euro appreciation. As per RBI's Weekly Statistical Supplement, the reserves increased by ... More

FINANCIAL PERFORMANCE

United Bank Q1 net up 30.8 pc
UNITED Bank of India has recorded a total business of Rs 38,733 crore as on June 30, 2005. Deposits and advances have increased 14.06 per cent and 44.3 per cent, respectively. Mr P.K. Gupta, CMD, said the bank has registered a "healthy growth" ... More

PUBLIC SECTOR BANKS

SBI to soft launch package for `mass affluent' segment
STATE Bank of India is identifying a mass affluent segment of customers for whom it has designed `SBI Vishesh,' a new bundled product-service proposition. SBI Vishesh has attractive offerings to customers with high relationship value, ... More

SBI to raise Rs 3,000-cr tier-II capital: Purwar
STATE Bank of India plans to tap the markets with subordinate debt of up to Rs 3,000 crore under tier-II capital. The move is to fund overseas expansion and forex requirements, according to its Chairman, Mr A.K. Purwar. SBI has drawn up plans ... More

CREDIT MARKET

Bank credit rises Rs 6,689 crore
GROSS bank credit increased Rs 6,689 crore for the fortnight ended July 22, to touch Rs 11,79,910 crore according to the Reserve Bank of India's Weekly Statistical Supplement. This is inclusive of food credit, which decreased Rs 5,159 crore to ... More

Women have better track record in repaying loans: Chidambaram
THE Union Finance Minister, Mr P. Chidambaram, on Saturday asked banks to alter conventional perceptions of women in credit appraisal. Inaugurating BIZWOMEN-2005, a two-day conference on growing women's business to new heights, here, Mr ... More

SHORT TERM INSTRUMENTS

RBI to raise Rs 2,500 cr under MSS
THE Reserve Bank of India proposes to raise Rs 2,500 crore through the auction of 91-day and 182-day Treasury Bills, under the Market Stabilisation Scheme, an RBI press release said. Of this, Rs 1,500 crore would be raised through the auction of ... More

FIXED DEPOSITS

FD interest rates perking up
IF THE equity market is just not your cup of tea and you prefer spreading your surplus across fixed deposits (FDs), you have reason to cheer. Interest rates are beginning to perk up and not just that on company FDs. ... More

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